Accounting Firms

Armanino announces Brown Smith Wallace merger

As a part of the transaction, Brown Smith Wallace will assume the Armanino name while maintaining its current St Louis operations

Armanino has announced a merger with accounting and advisory firm Brown Smith Wallace, which will take place from August 1, 2021.

As a part of the transaction, Brown Smith Wallace will assume the Armanino name while maintaining its current St Louis operations.

Moreover, Tony Caleca, managing partner at Brown Smith Wallace, is set to assume the role of Midwest market leader and act as a member of Armanino’s operating committee.

Caleca said: “Geographic expansion has been at the forefront of our strategic plan for several years, and joining Armanino allows us to accelerate this effort.

“We’ve had great success adding talent and expanding services to better serve our current clients, while also building additional relationships from coast-to-coast and around the globe.”

He added that “while our name is changing, our highly personalized approach to our clients will not”.

The deal also sees Armanino leverage Brown Smith Wallace’s expertise in the private equity, financial services, insurance, and manufacturing sectors, establishing the group’s St Louis operations as the new Midwest market hub for Armanino.

Following completion of the merger, Armanino will operate 19 locations with almost 2,000 employees in 31 states.

Matt Armanino, CEO at the company, said: “We’ve admired the Brown Smith Wallace team, their vision and their execution for years, and believe this combination will provide a springboard for us in the Midwest.

“In addition to their core accounting work, they have boldly expanded their advisory services offerings to include business performance consulting and construction audit, which are transformative solutions clients need to accelerate growth.”

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